Heat exchange between the engine and its surroundings is one of the major concerns in performance and efficiency of an internal combustion engine. Water-cooled engines use heat transfer fluid or coolant to remove the excess heat from the engine and prevent it from overheating. The engine coolant is basically the combination of water, antifreeze, and other additives blended together. Ethylene glycol is most preferred base for automotive engine coolants. However, other coolant base fluids such as propylene glycol and glycerin also exist in the market providing less toxic and environmental benefits.

The antifreeze lowers the freezing point as well as increases boiling point of the coolant to provide extra protection against freezing of the coolant or overheating of the engine. Several other corrosion inhibitors are added to the antifreeze or coolant, to improve performance and efficiency. These additives can be inorganic salts, organic acids, or combination of both.

The global automotive antifreeze market is projected to grow at the CAGR of 6.19% from 2015 to 2020 to reach USD 720.0 Million by 2020

The automotive antifreeze has growth potential in the global market with the rising demand for automobiles across the world. The aftermarket is the largest market of engine coolants. The aftermarket demand for engine coolant largely depends on the average service life of the coolant, vehicle parc, and miles driven per year. According to a recent publication by the OICA, the global vehicle parc reached 1,183.2 Million units in 2013 and is projected to grow in the near future, fueling the demand for engine coolant. Asia-Oceania is projected to dominate the engine coolant market from 2015 to 2020, as it has the highest vehicle production as well as vehicle parc. Growing middle class, rising disposable income, and developing road transport infrastructure are other factors fueling the demand for automotive engine coolant in Asia-Oceania region.

The antifreeze market for automotive comprises of large number of global as well as local players, which has intensified the competition at the global level. Major market players include BP Plc. (U.K.), Chevron Corp. (U.S.), ExxonMobil Corp. (U.S.), Total S.A. (France), and Royal Dutch Shell Plc. (The Netherlands).

Scope of the Report

The antifreeze market for automotive is broadly categorized into the following segments and subsegments:

Automotive antifreeze market, by product

Ethylene glycol

Propylene glycol

Glycerin

Automotive antifreeze market, by vehicle type

Passenger cars

Light commercial vehicles

Heavy commercial vehicles

Automotive coolant additives market, by technology

Inorganic acid technology (IAT)

Organic acid technology (OAT)

Hybrid organic acid technology (HOAT)

Automotive engine coolant aftermarket, by vehicle type and technology

Passenger cars

IAT coolant

OAT coolant

HOAT coolant

LCVs

IAT coolant

OAT coolant

HOAT coolant

HCVs

IAT coolant

OAT coolant

HOAT coolant

Automotive antifreeze market, by region

Asia-Oceania (China, Japan, South Korea, India, and Rest of Asia-Oceania)

Europe (Germany, U.K., France, and Rest of Europe)

North America (U.S., Canada, and Mexico)

RoW (Brazil, Russia, and Others)

Available customizations

Off-Highway Engine Coolant Market

Construction

Mining

Engine Coolant Additive Market, By Technology (Country-Level)

IAT

OAT

HOAT

Engine Antifreeze Market, By Product (Country-Level)

Ethylene Glycol

Propylene Glycol

Glycerin

Regional Analysis

Further Breakdown Of The Rest Of Asia-Oceania Engine Coolant Market Into Country-Level Markets Such As Malaysia, Thailand, Singapore, & Australia

Further Breakdown Of The Rest Of Europe Engine Coolant Market Into Country-Level Markets Such As Spain, Poland, Belgium, The Netherlands, & Sweden

Please click here to get the similar type of report Antifreeze/Coolant Market by Product Type (Ethylene Glycol and Propylene Glycol), Application (Automobiles and Industrial), and Region - Global Forecast to 2021.

An internal combustion engine converts only one-third of the energy produced inside the combustion chamber into work. The rest two-third is converted into heat. This high amount of heat necessitates the need for a coolant to absorb it. Selection of an appropriate engine coolant depends on the type of the coolant, application as well as the region in which it is used. The two main glycols used in engine coolants include ethylene glycol and propylene glycol. Apart from these two, glycerin is also gaining popularity in the market given its environmental benefits. The market for ethylene glycol is estimated to dominate the automotive market for antifreeze from 2015 to 2020. Environmental regulations over the use of toxic chemicals in coolants has triggered growth of propylene glycol antifreeze market, which is projected to grow at a promising CAGR during forecast period.

Performance of the coolant is dictated by the additives or corrosion inhibitors it contains such as silicates, borates, phosphates, and nitrites among others. These additives can be organic acids, inorganic salts, azoles, or in combination. There are several regulations over the type of additives to be used in the coolant in different regions of the world. Asia-Oceania region is estimated to be the largest market for inorganic additives technology (IAT). On the other hand, in Europe and North America, additives based on organic acid technology (OAT) account for the largest market for coolant additives.

Automotive coolant being a replaceable product, has a great potential in the aftermarket. The global automotive coolant aftermarket is projected to grow at the CAGR of 7.65% from 2015 to 2020. This growth can be mainly attributed to rising vehicle parc and increasing miles driven per year.

This report covers the antifreeze market for automotive, categorized on the basis of product (ethylene glycol, propylene glycol, and glycerin), coolant additive market by technology (IAT, OAT, and HOAT), vehicle type (Passenger cars, LCVs, and HCVs), market (OE and Aftermarket), and region (Asia-Oceania, Europe, North America, and RoW). The report also summarizes key market trends and market dynamics (drivers, restraints, opportunities, and challenges) with regard to the antifreeze market.

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